Kiley Juergens Wealth Management LLC raised its holdings in Amazon.com, Inc. (NASDAQ:AMZN) by 4.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 2,285 shares of the e-commerce giant’s stock after buying an additional 102 shares during the quarter. Amazon.com makes up about 3.5% of Kiley Juergens Wealth Management LLC’s holdings, making the stock its 6th largest position. Kiley Juergens Wealth Management LLC’s holdings in Amazon.com were worth $3,884,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in AMZN. Guidant Wealth Advisors raised its holdings in shares of Amazon.com by 657.4% in the second quarter. Guidant Wealth Advisors now owns 409 shares of the e-commerce giant’s stock valued at $100,000 after purchasing an additional 355 shares during the last quarter. Lee Financial Co raised its holdings in shares of Amazon.com by 154.3% in the first quarter. Lee Financial Co now owns 89 shares of the e-commerce giant’s stock valued at $129,000 after purchasing an additional 54 shares during the last quarter. Point72 Asia Hong Kong Ltd purchased a new stake in shares of Amazon.com in the first quarter valued at about $145,000. Braun Bostich & Associates Inc. purchased a new stake in shares of Amazon.com in the first quarter valued at about $174,000. Finally, Legacy Advisors LLC raised its holdings in shares of Amazon.com by 47.1% in the second quarter. Legacy Advisors LLC now owns 103 shares of the e-commerce giant’s stock valued at $175,000 after purchasing an additional 33 shares during the last quarter. 57.36% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages have recently commented on AMZN. Nomura reiterated a “buy” rating on shares of Amazon.com in a report on Friday, July 27th. Canaccord Genuity increased their target price on shares of Amazon.com from $2,000.00 to $2,100.00 and gave the company a “buy” rating in a report on Friday, July 27th. Macquarie reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Jefferies Financial Group reiterated a “buy” rating on shares of Amazon.com in a report on Monday. Finally, Morgan Stanley reiterated a “buy” rating on shares of Amazon.com in a report on Wednesday, July 11th. Four research analysts have rated the stock with a hold rating and forty-nine have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $2,005.64.
Amazon.com (NASDAQ:AMZN) last posted its earnings results on Thursday, July 26th. The e-commerce giant reported $5.07 earnings per share for the quarter, topping the consensus estimate of $2.49 by $2.58. The firm had revenue of $52.89 billion during the quarter, compared to the consensus estimate of $53.37 billion. Amazon.com had a net margin of 3.02% and a return on equity of 18.47%. The company’s revenue was up 39.3% on a year-over-year basis. During the same quarter last year, the company earned $0.40 earnings per share. On average, equities research analysts anticipate that Amazon.com, Inc. will post 17.78 EPS for the current fiscal year.
In other news, Director Judith A. Mcgrath sold 500 shares of Amazon.com stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $1,905.00, for a total value of $952,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Jeffrey A. Wilke sold 2,000 shares of Amazon.com stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $2,004.25, for a total transaction of $4,008,500.00. Following the completion of the transaction, the chief executive officer now owns 10,000 shares of the company’s stock, valued at approximately $20,042,500. The disclosure for this sale can be found here. Insiders sold 25,308 shares of company stock valued at $47,905,498 in the last quarter. Corporate insiders own 16.30% of the company’s stock.
Amazon.com, Inc engages in the retail sale of consumer products and subscriptions in North America and internationally. The company operates through three segments: North America, International, and Amazon Web Services (AWS) segments. It sells merchandise and content purchased for resale from vendors, as well as those offered by third-party sellers through physical stores and retail Websites, such as amazon.com, amazon.ca, amazon.com.mx, amazon.com.au, amazon.com.br, amazon.cn, amazon.fr, amazon.de, amazon.in, amazon.it, amazon.co.jp, amazon.nl, amazon.es, and amazon.co.uk.
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